18/02/2014
The majority will be in America and Europe
Trillion Dollars assets under management of international banks by 2020
Banking study said, ' total assets which would be subject to the management of banks around the world will exceed a billion dollars by 2020, versus 639 billion dollars in 2012. According to the study by the Swiss section of ' PricewaterhouseCoopers ', finally published; the share of old continent alone of this amount will rise to 279 billion dollars from 197 billion dollars last year. The study noted the compound annual growth rate of the global wealth management, is expected to rise by 6 per cent annually, with above-average growth in Asia and the Middle East, and the Mediterranean in the South American continent, and is lower than in Africa.
But the Foundation said the President of the assets under management of banks will remain concentrated in the United States and Europe. Enterprise said that asset management will retain a larger share of the pie, in 2020 the proportion of 46.5% versus 36.5 percent now. As sovereign wealth funds, which is quickly growing in size, it will see its assets managed by banks rose almost doubled, reaching $ 90 billion, compared with $ 50 billion in 2012. There are more than 184 000 people working in the enterprise network in 157 countries, competing shoulder to shoulder with Deloitte to occupy first place in terms of sales, which amounted last year to 31.1 billion dollars.
